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Alexandra [31]
3 years ago
6

In 2017, Hurricane Irma had a significant, negative impact on the orange harvest in the state of Florida. The U. S. Department o

f Agriculture predicted that the quantity of oranges produced would be 21% lower than the previous year. If the price elasticity of demand for oranges is -1. 5, what impact would Hurricane Irma have on the price of oranges? change in the price of oranges:_______
Business
1 answer:
MaRussiya [10]3 years ago
6 0

As a result of Hurricane Irma causing the quantity of oranges to drop by 21%, the change in price of oranges will be increase of 14%.

<h3>What will be the change in price of oranges?</h3>

Price Elasticity is found as:
= Change in quantity / Change in price

You have the elasticity and the change in quantity so you can find the change in price as:

-1.5 = -21% / Price

Price x -1.5 = -21%

Price = -21% / -1.5

= 14%

In conclusion, price will increase by 14%.

Find out more on price elasticity of demand at brainly.com/question/5078326.

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Which of the following statements is true? Gross private domestic investment less depreciation is net private domestic investmen
Fudgin [204]

Answer:

Gross private domestic investment less depreciation is net private domestic investment.

Explanation:

Investment is addition to capital stock during a period of time. Depreciation is fall in value of fixed (capital) assets due to usage, wear & tear, obsolescence.  

Gross Private Domestic Investment = Total addition to capital stock by private domestic sector, without accounting for depreciation of existing capital stock.

Net Private Domestic Investment = Addition to capital stock by private domestic sector, accounting for depreciation deduction of existing capital stock.

So, Gross Private Domestic Investment - Depreciation = Net Private Domestic Investment.

3 0
3 years ago
Compile a job advertisement for a receptionist vacancy
xz_007 [3.2K]

Answer:

<h2>                     RECEPTIONIST NEEDED - FRONT DESK</h2>

 <em>JustJay Limited is looking to hire a young and vibrant young person to join</em>

<em>                       our team as a receptionist for the front desk. </em>

<h2>Responsibilities</h2>
  1. Welcoming clients and prospective clients.
  2. Handling both outgoing ang incoming calls to route them as required.
  3. Handing mail logistics.
  4. Carrying out other Administrative duties as required.

<h2>Qualifications</h2>
  • Age between 21 and 28
  • Computer literate
  • Must possess great Interpersonal skills
  • Must be a team player
  • GED holders are welcome to apply.
  • Experience in similar role would be an added advantage.

                         WE OFFER ATTRACTIVE PACKGAGES.

<em>Send us your CV at </em><em>hrjustjayltd . com</em><em> or contact us on </em><em>1</em><em> </em><em>- 585 - 244 - 8522</em><em>. </em>

3 0
4 years ago
A(n) is a document used to present one's background,skill sets,and accomplishments
miss Akunina [59]

Answer:

Explanation:

A resume is a document used to present one's background,skill sets,and accomplishments used in job searches.

3 0
3 years ago
Read 2 more answers
Use the following data to calculate the current ratio. Wildhorse Co. Balance Sheet December 31, 2022 Cash $187000 Accounts payab
34kurt

Answer: 2.46: 1

Explanation:

The Current ratio is used to determine if the current assets of a business can be used to pay off its current liabilities.

Current Ratio = Current assets / Current Liabilities

Current Assets = Cash + Accounts receivable + Inventory + Prepaid insurance

= 187,000 + 150,000 + 152,000 + 88,400

= $‭577,400‬

Current Liabilities = Accounts payable + Salaries and wages payable

= 208,000 + 26,500

= $‭234,500‬

Current ratio

= 577,400/234,500

= 2.46

4 0
3 years ago
Under the modern traditional theory, the sovereign may nationalize foreign-owned property only where: a. it is for a public purp
Nana76 [90]

Answer: a. it is for a public purpose.

Explanation:

According to the Modern Traditional theory on compensation which deals with the seizure of foreign-owned property by the government of the nation in which the property is located, the sovereign authorities may nationalize foreign-owned property if it is deemed to be for public use.

If the government has shown that nationalization is for the good of the nation, the theory espouses that it is allowed. They would however have to provide adequate compensation to those whom the property was seized from.

5 0
3 years ago
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